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This rosy news didn' t stop BBs from crashing the property counters today, again................
New private home sales hit 9-month high in May on deluge of new launches
18 Jun 2018 01:54PM
SINGAPORE: Sales of new private homes rose to the highest in nine months in May thanks to a deluge of new launches by developers, with suburban projects proving to be the most popular.
Developers sold 1,121 private homes in May, an increase of 53.1 per cent from April and 7.9 per cent from the same month last year, according to data released by the Urban Redevelopment Authority (URA) on Monday (Jun 18).
May' s figure is also the highest since August last year, when 1,246 new private homes were sold.
Including ECs, 1,257 units were sold in May, a drop from the 1,328 sold the previous month and 1,416 homes sold in May last year.
" The buying momentum is healthy because developers managed to sell more units in May and the number of units sold is greater than the number of units launched," said ZACD Group executive director Nicholas Mak.
" There has been a gradual increase in the number of units launched by developers over the last few months ... The good thing is that the market is still able to absorb the number of units launched," Mr Mak said.
In May, developers launched 1,060 units, up 60 per cent from April and 186 per cent from May last year.
The Outside Central Region proved most popular with both buyers and developers last month, with 834 units launched and 792 homes sold.
This compares with the 56 and 170 units launched in the Core Central Region and Rest of Central Region, respectively.
In terms of sales, 43 units were sold in the Core Central Region and 286 homes in the Rest of Central Region.
Mr Mak said that with several more projects lined up to hit the market in the coming months, developers will be looking to pace out the timing of the launches.
https://www.channelnewsasia.com/news/singapore/new-private-home-sales-hit-9-month-high-in-may-on-deluge-of-new-10442612
Understand that MAS is putting in place a short sellers reporting requirement in October 2018. This will make it very hard for short sellers to collude and build up manipulative positions through short sales. I thought this was an excellent MAS initiative, and will put an end to any such short selling manipulative behaviour. They can go to jail if they do bad things now.
Starship ( Date: 18-Jun-2018 09:45) Posted:
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Will go and ask UOB during their analyst day next month...the promoter is their head of retail research.
Starship ( Date: 18-Jun-2018 09:45) Posted:
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The entire stock markets continue to be beaten down despite rosy economic data fm leading nations month after month.
Nowadays there are much more traders and shortists in stock markets than real buy-and-hold investors. And traders and shortists use Trump news, Oil Price news and Interest Rate news to churn the markets. Esp. negative news.
3 interesting observations over the weekend for TS.
1) Passed R18 today, and realised that most of the windows have been put up now, and they have even begun planting trees on some of the upper floors. Good sign to me. Completion by end-Q3 2018 may be possible after all now.
2) Did some past research, and noted that they breakeven cost for Kandis Residence was reportedly in the $900-$1,000 psf, as they bought the land at $481psf a few years back.
3) The usual price of a Batam condo is below $100,000. So, if TS can price their Batam Marina City township condos well, something in the range of $100k-$200k may see success, given their brand name and quality of build in SGP. I would also be tempted to buy one 2-bdrm unit for retirement, if there are good sea views, good wellness and fitness facilities and supermarkets, and easy connections to Harbourfront.
Just some views.
1) Passed R18 today, and realised that most of the windows have been put up now, and they have even begun planting trees on some of the upper floors. Good sign to me. Completion by end-Q3 2018 may be possible after all now.
2) Did some past research, and noted that they breakeven cost for Kandis Residence was reportedly in the $900-$1,000 psf, as they bought the land at $481psf a few years back.
3) The usual price of a Batam condo is below $100,000. So, if TS can price their Batam Marina City township condos well, something in the range of $100k-$200k may see success, given their brand name and quality of build in SGP. I would also be tempted to buy one 2-bdrm unit for retirement, if there are good sea views, good wellness and fitness facilities and supermarkets, and easy connections to Harbourfront.
Just some views.
Actually if they price their Batam condos at like $200k-$300k each for 2 bdrm - may not be a bad idea to me to buy one. Hopefully they will give discount to minority shareholders hahaha. They do build good quality luxe condos here in SGP.
After the Batam announcement - clearer to me now on the price movement the past few weeks. Someone could have been accumulating perhaps???
ysh2006 ( Date: 01-Jun-2018 18:27) Posted:
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JB is much more dangerous to stay.
ysh2006 ( Date: 08-Jun-2018 22:27) Posted:
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Thomson Medical also want to build one in JB...supposed Batam cheaper to stay ? and earlier to complete don't need to issue right and warrant TS have the money to build.
Goldfinger ( Date: 08-Jun-2018 22:00) Posted:
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TS Believers - pls do read this latest announcement carefully. This sounds like the beginnings of a mega huge retirement village concept right adjacent to SGP. I like very much!
http://infopub.sgx.com/FileOpen/TBA_180608-Press%20Release%20on%20Integrated%20Development%20In%20Marina%20City%20Batam%20Indonesia.ashx?App=Announcement&FileID=509281
http://infopub.sgx.com/FileOpen/TBA_180608-Press%20Release%20on%20Integrated%20Development%20In%20Marina%20City%20Batam%20Indonesia.ashx?App=Announcement&FileID=509281
This is BB tricks surpess thw price than slowly buy in.....similar to banj counter two years back...
Starship ( Date: 01-Jun-2018 17:00) Posted:
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I think there is accumulation pattern going on - they probably believe that SGX and MAS are too weak or ineffective to investigate??
Starship ( Date: 01-Jun-2018 17:00) Posted:
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Very weird gong ons. All the news have been painting a property boom in SG on a daily basis. Even the APAC Realty IPO is a huge success. Such that PropNex Realty is now gearing for IPO end of this month.
But why are have the property counters been dropping for 2 months already?
But why are have the property counters been dropping for 2 months already?
Yes ageee with you. I also bought LTC 2 years ago, recently privatized:)
MARTIALART ( Date: 22-May-2018 14:34) Posted:
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Investshare
人 弃 我 取 is the name of the game. I remembered 7 years ago I bought an undervalued share, Heeton. Nobody heard about it and nobody wants it. I accumulated it for about half a year. Then came an announcement of bonus issue in 2013. the price shot up and it gave me > 100% returns. I believe likewise for Tuan Sing.
人 弃 我 取 is the name of the game. I remembered 7 years ago I bought an undervalued share, Heeton. Nobody heard about it and nobody wants it. I accumulated it for about half a year. Then came an announcement of bonus issue in 2013. the price shot up and it gave me > 100% returns. I believe likewise for Tuan Sing.
Haha thanks... am okay to wait ..
Goldfinger ( Date: 22-May-2018 12:57) Posted:
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Many thanks, they also have a tech company located in Changi which was last public listed ,some rumoured said want to sell away ?
Goldfinger ( Date: 22-May-2018 13:04) Posted:
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Supposed to be Q3 2018.. It is now built to the top for about 6 months back, and I think about 30% of external windows left to be done. The complicating part could be the tip, which has some special sloped glass design. Not sure about the interiors.
ysh2006 ( Date: 22-May-2018 13:02) Posted:
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May know when R18 TOP ?....talk until the cow go home loh..
Goldfinger ( Date: 22-May-2018 12:57) Posted:
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Agree with MartialArt - the prices of many shares in Singapore are not reflective of their true value. Often, there are strong players who push them to certain places, for their own purposes. I believe there is steady accumulation going on at this current 42-44ct range. Like what was happening at the 28-30cent mark a few years back - when every day someone would sell to the buyer at 28-28.5cts resulting in red ink for the day. If you were a long term holder - it would be very hard to be brave enough to buy at the seller' s price, and the EOD would be just red ink. But, that is just my own view.
R18 is going to be completed in a few months time. Everyday, I pass it by in Shenton Way. Kandis and Remaja will also be sold on the market soon. I do not see big negatives for this stock - but they have very stingy majority shareholders who seriously need to reward their long suffering minority shareholders much much better.
R18 is going to be completed in a few months time. Everyday, I pass it by in Shenton Way. Kandis and Remaja will also be sold on the market soon. I do not see big negatives for this stock - but they have very stingy majority shareholders who seriously need to reward their long suffering minority shareholders much much better.
MARTIALART ( Date: 22-May-2018 12:25) Posted:
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